December 14, 2015
WE SOLD ALL OF THESE: HDLV PRH SGZA TCRX VRP TDA TANO CHSCL JMPC COWNL
We had a number of buy orders in place. WE ARE CANCELLING ALL BUY ORDERS. We suggest doing nothing in the markets until the Fed speaks this week.
December 12, 2015
It was a BAD week in the markets. BUT patience is required and next week, with the Fed’s decision, will tell stock investors what to do.The BIG question in whether Yellen is really so stupid as to increase rates despite bad economic news.
OIL is is bad shape. We follow some smart oil advisors and they forecast $20 per barrel oil…..bad news. DO NOT buy any energy or oil positions no matter what you read in the press. If you own oil stocks you may want to sell………we are evaluating what we hold. As we are most interested in capital preservation, we may want to start selling select positions even at a loss.
We are still watching numerous exchange traded debt for BUYS.
December 11, 2015
The market smells…..we can’t break out to the upside. Yes they are propping up the markets by buying a few big stocks, but hundreds and hundreds of stocks are heading DOWN.
Scroll down to see the chart we posted yesterday,
Yes we may see a Santa Claus rally. But if you are holding SPY or other averages make sure you have sell stops in place to protect yourself should this market tank. Remain cautious. If the Fed raises rates next week, we may see a pullback.
We are placing two additional buy limit orders on these positions. They go ex-dividend tomorrow and IF the prices come down to our buy price, we want to own them. They pay around 6%.
ARU Ares Capital $25.18
THGA Hanover Insurance. $25.18
We are still holding numerous buy orders as described in prior posts but demand for income issues is so strong that they are not coming down to our buy prices.
We are trying to buy an individual corporate bond but it has not been available from our broker. BUY if you can get it.
The liberal press and east coast political elitists can’t believe the popularity of Trump. These F====g idiots have no idea what is going on in the country.